The price of Grab Holdings Limited (NASDAQ:GRAB) shares last traded on Wall Street rose 3.11% to $3.32.
GRAB stock price is now -1.42% away from the 50-day moving average and -0.25% away from the 200-day moving average. The market capitalization of the company currently stands at $13.15B.
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With the price target of $5, Mizuho recently initiated with Outperform rating for Grab Holdings Limited (NASDAQ: GRAB)., while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, SUTHEN THOMAS PARADATHETH, Officer bought 35,313 shares of the company’s stock on Aug 26 ’24. The stock was bought for $114,061 at an average price of $3.23. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Officer ONG CHIN YIN bought 65,000 shares of the business’s stock. A total of $211,510 was incurred on buying the stock at an average price of $3.25. A total of 42.00% of the company’s stock is owned by insiders.
During the past 12 months, Grab Holdings Limited has had a low of $2.90 and a high of $3.88. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.00, and a quick ratio of 2.97. The fifty day moving average price for GRAB is $3.3634 and a two-hundred day moving average price translates $3.32825 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for 2024-06-30. The net profit margin was -8.24% and return on equity was -3.37% for GRAB. The company reported revenue of $664.0 million for the quarter, compared to $567.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.11 percent. For the current quarter, analysts expect GRAB to generate $691.03M in revenue.
